Bryce Point Capital LLC Invests $545,000 in Toast, Inc. (NYSE:TOST)

Bryce Point Capital LLC bought a new stake in Toast, Inc. (NYSE:TOST - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 14,942 shares of the company's stock, valued at approximately $545,000.

Several other institutional investors have also added to or reduced their stakes in TOST. Bank of Montreal Can grew its position in shares of Toast by 6.5% during the 3rd quarter. Bank of Montreal Can now owns 65,607 shares of the company's stock worth $1,837,000 after purchasing an additional 3,996 shares in the last quarter. Townsquare Capital LLC raised its holdings in Toast by 13.5% in the 3rd quarter. Townsquare Capital LLC now owns 9,217 shares of the company's stock valued at $261,000 after acquiring an additional 1,095 shares in the last quarter. Rockefeller Capital Management L.P. lifted its position in shares of Toast by 23.7% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 113,974 shares of the company's stock valued at $3,227,000 after acquiring an additional 21,806 shares during the period. Ascent Group LLC grew its holdings in shares of Toast by 35.8% during the 3rd quarter. Ascent Group LLC now owns 17,550 shares of the company's stock worth $497,000 after purchasing an additional 4,625 shares in the last quarter. Finally, Investment Management Corp of Ontario increased its position in shares of Toast by 53.8% in the third quarter. Investment Management Corp of Ontario now owns 12,011 shares of the company's stock worth $340,000 after purchasing an additional 4,200 shares during the period. 82.91% of the stock is currently owned by institutional investors.

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Insider Activity

In other Toast news, President Stephen Fredette sold 1,068 shares of Toast stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $39.63, for a total value of $42,324.84. Following the completion of the sale, the president now directly owns 1,644,656 shares of the company's stock, valued at approximately $65,177,717.28. The trade was a 0.06 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Elena Gomez sold 2,052 shares of the company's stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $39.63, for a total transaction of $81,320.76. Following the transaction, the chief financial officer now owns 160,498 shares in the company, valued at $6,360,535.74. This represents a 1.26 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 270,770 shares of company stock valued at $9,409,211 in the last ninety days. 13.32% of the stock is owned by company insiders.

Analyst Ratings Changes

TOST has been the subject of several recent analyst reports. The Goldman Sachs Group cut their price objective on shares of Toast from $43.00 to $38.00 and set a "neutral" rating for the company in a research report on Wednesday, April 2nd. Royal Bank of Canada increased their price target on shares of Toast from $40.00 to $45.00 and gave the stock a "sector perform" rating in a research report on Thursday, February 20th. Needham & Company LLC restated a "buy" rating and set a $50.00 price objective on shares of Toast in a research report on Thursday, February 20th. Morgan Stanley lifted their price target on Toast from $46.00 to $50.00 and gave the company an "overweight" rating in a research note on Thursday, February 20th. Finally, BMO Capital Markets raised their price objective on Toast from $46.00 to $48.00 and gave the company an "outperform" rating in a research note on Thursday, February 20th. One investment analyst has rated the stock with a sell rating, thirteen have given a hold rating and nine have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $39.86.

Toast Trading Up 14.4 %

TOST stock traded up $4.33 during trading on Wednesday, hitting $34.36. The company had a trading volume of 10,085,489 shares, compared to its average volume of 6,817,127. Toast, Inc. has a one year low of $21.32 and a one year high of $44.12. The business has a 50-day moving average of $36.34 and a 200-day moving average of $35.83. The stock has a market cap of $16.97 billion, a PE ratio of -3,432.77, a PEG ratio of 2.16 and a beta of 2.00.

Toast (NYSE:TOST - Get Free Report) last posted its quarterly earnings data on Wednesday, February 19th. The company reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.06 by ($0.01). The firm had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.32 billion. Toast had a return on equity of 1.54% and a net margin of 0.40%. Research analysts forecast that Toast, Inc. will post 0.39 EPS for the current year.

About Toast

Toast, Inc operates a cloud-based digital technology platform for the restaurant industry in the United States, Ireland, and India. The company offers software products for restaurant operations and point of sale, such as Toast POS, Toast now, multi-location management, kitchen display system, Toast mobile order and pay, Toast catering and events, Toast invoicing, Toast tables, and restaurant retail; and hardware products, including Toast flex, Toast flex for guest, Toast go 2, Toast tap, kiosks, and Delphi by Toast.